Even Parrotheads are bound to slow down some day — and Jimmy Buffett wants to be right there with them.

The “Margaritaville” maestro has announced his first retirement community — Latitude Margaritaville — a $1 billion project in Daytona Beach, Fla., slated to open in 2018.

It will contain up to 7,000 homes.

Buffett’s Margaritaville Holdings’ partner on the project is Minto Communities — a Toronto-based developer that has built 25,000 homes in Florida since entering the state 50 years ago.

The two are already teaming on a second Margaritaville-themed retirement community, which will be outside Florida and also for the 55-and-over crowd.

Minto’s Bill Bullock said he believes it is the first time a developer is partnering with a lifestyle brand to create what he called an active-adult community.

The community’s two- and three-bedroom homes will be priced from the low $200,000s to mid-$300,000s and include a walkable neighborhood around a Town Center that offers swimming, aerobics and fitness classes.

The pièce de résistance will be a private beachfront club that’s set on the Atlantic Ocean and accessible to residents through a continuous shuttle service, according
Latitude Margaritaville’s developers.

Golf carts, however, are expected to be the preferred mode of transportation.

The project will take as many design elements as feasible from Buffett’s tropical vibe, which Margaritaville Holdings Chief Executive John Cohlan called “the exact coordinates for those looking to live the Margaritaville lifestyle as they grow older but not up” — a nod to the 1981 Buffett song.

It also identifies the demographic most likely drawn to the community — baby boomers who, despite being ages 53 to 71, relish the idea of “booze in the blender.”

More than 30,000 people have registered on the Latitude Margaritaville Web site — after what Bullock called a soft launch in mid-February.